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Share Name | Share Symbol | Market | Type |
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Gemini Corp. (delisted) | TSXV:GKX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Gemini Corporation (TSX VENTURE:GKX) has executed a multi-year alliance with one of the world's largest module fabricators, Shanghai Morimatsu Pressure Vessel Co., Ltd. ("Morimatsu"). Based in Shanghai, China, Morimatsu is a Japanese- owned company that is well-known throughout the global energy and petrochemical industries as a major manufacturer of equipment modules and pressure vessels. Gemini intends to utilize its expanded Alberta fabrication facility capacity for final assembly, quality assurance testing, staging, and laydown in support of fabrication projects originating from Morimatsu's manufacturing facility in Shanghai and destined for energy industry projects in Canada. The service alliance between Gemini and Morimatsu will take advantage of Gemini's in-market project management capability, quality assurance expertise, and module assembly experience for projects that can benefit from Morimatsu's expansive production capability. Energy industry producers are looking further afield to find additional capacity and cost- effectiveness to support major capital projects and are actively engaging international manufacturers. Gemini's alliance with Morimatsu to support Canadian projects creates a relevant and differentiated value offer for module fabrication. This also positions Gemini to enhance its growth prospects by securing larger scopes of fabrication work in those situations where offshore supply is being sought by its clients. "We are serious about delivering our services in new and innovative ways", stated Doug Lautermilch, Gemini's President and CEO. "International competition in the Canadian energy market is continuing to evolve and we are positioning our organization to embrace these changes as an in-market integrator in order to effectively service our clients." Visit the Gemini website or email contact@geminicorp.ca for more information. About Gemini Corporation Gemini Corporation is a professional services firm that provides engineering, regulatory, fabrication, installation and maintenance solutions for clients through stand-alone or integrated service delivery models. For more than 30 years, Gemini has been harnessing the energy of its staff and clients to power innovation in conventional and unconventional oil and gas, in-situ heavy oil and industrial facilities across western Canada. Our integrated design-build project delivery model differentiates Gemini and provides tremendous value-added benefits for clients, such as constructability advice at the design phase, schedule compression and one point of accountability. Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ca. Disclaimer This news release may contain forward looking information that represents Gemini's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or Gemini's future economic performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to Gemini's performance and competition within the sectors in which it competes, the continuation of the current regulatory and tax regimes in the jurisdictions in which Gemini operates, and necessarily involve known and unknown risks and uncertainties, including risks and assumptions relating to client service demand, field service costs, labour rates, and other factors that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted or suggested. The Corporation does not undertake to update any forward-looking information in this document whether as to new information, future events or otherwise. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Gemini Corporation Doug Lautermilch President & CEO (403) 259-0311 dlautermilch@geminicorp.ca Gemini Corporation Robert Brookwell Executive VP & CFO (403) 258-5401 rbrookwell@geminicorp.ca www.geminicorp.ca
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